Deal-Hungry Brazilians Came

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Dana Mattioli And Dana Cimilluca One of the biggest challenges for would-be corporate acquirers is convincing their takeover prey to make a deal. When 3G Capital Partners LP came knocking on Kraft Foods Group Inc.'s door early this year, ...

Oil Prices Soar

TODAY: March 26, 2015 PUB DATE: March 26, 2015

Oil prices jumped as much as 5% in Asian trade Thursday after reports of Saudi Arabian airstrikes in Yemen raised fresh concerns of supply disruptions. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded ...

Yen Higher Against Rivals as Risk Aversion Strengthens

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Hiroyuki Kachi The yen strengthened against its major rivals, hitting a one-month high against the dollar in Asian trade Thursday, with investors buying the Japanese currency after overnight U.S. and eurozone stock market weakness spread into Asia. The dollar ...

SNB Says Franc Cap Stopped Being Beneficial -- Second Update

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By John Revill ZURICH--Switzerland's central bank was forced to scrap its cap on the value of the Swiss franc because mounting costs would have been "out of all proportion" to potential benefits of maintaining the policy, the bank said in ...

Record Fall in Prices Boosts UK Retail Sales

TODAY: March 26, 2015 PUB DATE: March 26, 2015

LONDON--Retail sales in the U.K. accelerated in February fueled by a record-fall in store prices, official data showed Thursday, a fresh sign that consumer spending remained vigorous in the first quarter of the year. The volume sold by British retailers ...

France Cuts Deficit Forecast

TODAY: March 26, 2015 PUB DATE: March 26, 2015

PARIS--French finance minister Michel Sapin on Thursday lowered the country's deficit forecast for 2015 after figures showed a lower than previously expected deficit in the two previous years. France's budget deficit declined to 4% of gross domestic product in 2014 ...

Eurozone Private Lending in Negative Territory in Feb - ECB Data

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Todd Buell and Monica Houston-Waesch FRANKFURT--Private lending remained in negative territory in February, where it has been for nearly three years, data from the European Central Bank showed Thursday. Private-sector loan growth declined 0.1% in annual terms in February, ...

U.S. Jobless Claims Fall to 282,000 in Latest Week

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Jeffrey Sparshott WASHINGTON--The number of Americans seeking first-time unemployment benefits fell last week, the latest sign of an improving labor market. Initial jobless claims decreased by 9,000 to a seasonally adjusted 282,000 in the week ended March 21, the ...

Bilfinger Investigating Bribery Allegations at Brazilian Subsidiary

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Friedrich Geiger BERLIN--Germany's Bilfinger SE said Thursday it is investigating allegations that employees of a subsidiary of the German engineering group made improper payments of less than 1 million euros ($1.09 million). Employees of a Brazilian subsidiary of the ...

Russia to Restructure Some Loans to Belarus

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Olga Razumovskaya MOSCOW--Russian Prime Minister Dmitry Medvedev said at a cabinet meeting on Thursday that Moscow would restructure a portion of its loans to Belarus. "We have agreed to help them in this difficult situation, we'll essentially prolong existing ...

Financial Markets Becoming More Fragile, Says Bank of England

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By JULIET SAMUEL The Bank of England has joined a growing chorus of regulators and investors warning that financial markets are becoming more "fragile" and prone to extreme convulsions. Recent trends "could lead to heightened volatility and undermine financial stability," ...

RBS to Soon Announce Sale of Coutts International

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By Max Colchester and John Letzing LONDON-- Royal Bank of Scotland Group PLC will soon announce the sale of the international arm of its wealth business Coutts to Swiss bank Union Bancaire Privée, according to people familiar with the matter. ...

Mobile Banking on the Rise, Fed Says

TODAY: March 26, 2015 PUB DATE: March 26, 2015

Bank customers are increasingly relying on their mobile phones to conduct bank transactions and access their account information, according to a survey released on Thursday by the Federal Reserve. Some 39% of mobile phone owners who have a bank account ...

Correction to Financial Markets Becoming More Fragile Story

TODAY: March 26, 2015 PUB DATE: March 26, 2015

The Bank of England's Financial Policy Committee warned in a statement Thursday about the implications of "fragile" liquidity on some financial markets. "Financial Markets Becoming More Fragile, Says Bank of England, " at 11:42 a.m. EDT, incorrectly attributed the FPC's ...

Kraft And Heinz Brands Struggle To Adapt

TODAY: March 26, 2015 PUB DATE: March 26, 2015

(FROM THE WALL STREET JOURNAL 3/26/15) By Annie Gasparro Fancy some Heinz ketchup with your Kraft Cheez Whiz? H.J. Heinz Co.'s planned acquisition of Kraft Foods Group Inc. unites brands that have been commonplace in American kitchens for decades but ...

Singapore February Industrial Output Falls on Sluggish Demand

TODAY: March 26, 2015 PUB DATE: March 26, 2015

By R. Jai Krishna SINGAPORE--Singapore's industrial output declined in February as the export-dependent nation continues to struggle with sluggish external demand. Manufacturing output declined 3.6% in February, compared with a revised 1.3% rise in January, according to preliminary figures released ...